Cube Highways and Infrastructure Pte Limited has emerged as the highest bidder for the toll-operate-transfer (TOT) Bundle III of highway projects auctioned by NHAI. The bid amount quoted by the company stands at Rs 50.11 billion, while a reserve price of Rs 49.94 billion was set by NHAI for the bundle comprising highways spanning 566 km across Uttar Pradesh, Tamil Nadu and Bihar. Four projects in the bundle are on annuity while the remaining five are EPC contracts.
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